Metal stocks are facing the worst drawdown ever and continued to be in drawdown since the start of 2018. The current drawdown stares at 60%. Never mind the damage is done and currently trading down below the fair value.

Here is a market profile webinar (90 mins of recorded online webinar) which we did for the marketcalls slack community members on the Brief Introduction to Point of Control and Trading Strategies on Point of Control.

Yet another classical technical view on USDJPY as it comes out of the classical 200 Moving average (110.20) with a short covering. The Interesting part is that so far 7 attempts had made to close above 200MA since May 2018 all ends in vain. However current short-covering in USDJPY started with the speech of Peter Navarro, “one of President Donald Trump’s top trade advisors, said the market was overreacting to fears the administration would restrict foreign investment as part of its trade actions against China and other countries,” according to CNBC.

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